Prepared to Meet Shock of Europe War
New York September 14. Wall Street leaders and government officials say the United States is far better prepared than in 1914 to face a general European war. They cite a stronger financial system, ready machinery to handle crises, and anticipated impact already softened by preparation, with no immediate large setback likely for American business or agriculture.
MENTIONED IN THIS ARTICLE
New York
Wall Street
United States
William McC. Martin
New York Stock Exchange
Europe
Yeseememe
Exchange
United States Steel
Bethlehem
Chrysler
U. S. Rubber
Anaconda
New York Central
How Would They Balance Armaments In A Possible War
The piece weighs how Germany's arms might outweigh Czechoslovakia's and notes other major powers could be drawn in. It mentions Poland Hungary Romania and Yugoslavia as potentially affected and flags that economic factors often decide wars. Figures cited are estimates.
MENTIONED IN THIS ARTICLE
Germany
Czechoslovakia
Poland
Hungary
Rumania
Yugoslavia
Financial system safeguards and wartime market plans
The piece surveys neutrality laws and the Johnson Act on loans to defaulting nations, plus the 1914 to 1930s evolution in the U S financial system. It highlights gold reserves over 13 billion dollars, nearly 3 billion in excess reserves, and the swift capacity to expand credit. It notes deposit insurance, potential stock exchange closures, and the Securities and Exchange Commission’s power to halt trading for 90 days, concluding that a future war might shock less than the first.
MENTIONED IN THIS ARTICLE
U. S
Federal Reserve System
Bank
Federal Deposit Insurance
Stock Exchange
Exchange
Securities and Exchange Commission
Bomb Shelter Planned Under Prague Legation Wing
The state department authorized construction of a bomb proof cement shelter beneath a wing of the American Legation in Prague after Czech approval. The legation is under partial renovation as about 5,000 Americans in Czechoslovakia ask if they may use the shelter in an air raid. Ambassador Wilbur Carr says embassy staff and families will be among the refuge.
MENTIONED IN THIS ARTICLE
Washington
Legation
Prague
Czechoslovakia
State Department
Wilbur Carr
Ber
Flashes of Life and Oddities Across Cities
A Hy United Press roundup reports a traffic officer guiding a boy with a wagon on the sidewalk while citing a state law. In Hartford a self defense claim yields a suspended sentence for John Ko sak after an assault on Albert Powers. Des Moines notes motorists’ reactions to speed limit changes, and in Maulton a teen fishes a tomato patch flooded by the Lemontowir river, catching bluegills in minutes.
MENTIONED IN THIS ARTICLE
Hy United Press
Alton
Sonny
Hartford
Conn
John Kosak
Albert Powers
Powers
Des Moines
Iowa
State
Ankeny
Horace Tate
Maulton
Wis
Willis Felland
Lemonweir
Fellands
Willis
Repairs and Shelter Upgrades Face Lin and Embassies
Lin city plans extensive repairs and may add another bomb proof shelter. Similar shelters are proposed for any new embassies in vulnerable capitals to bolster security.
MENTIONED IN THIS ARTICLE
Lin
Japan Prepared to Aid Germany in Czech Crisis
Tokyo stated Japan would fight with arms if necessary to oppose Communism amid the Czechoslovak German crisis. The foreign office blamed Communist International for Europe’s turmoil and said Japan would assist Germany or Italy in combating Communist activities, with ambiguity on declaring war if Britain and France intervene.
MENTIONED IN THIS ARTICLE
Tokyo
Japan
Foreign Office
Germany
Italy
Great Britain
France
Adolf Hitler
Nurnberg
Europe
International
Communist International
Czechoslovakia
China
East Asia
Eurrope
Harvard Professor Appointed Wages Chief Under FLSA
Calvert Magruder, a 44 year old Harvard law school professor and former secretary to Justice Brandeis, was named general counsel of the wage hour administration. He will defend the fair labor standards act before the supreme court and help define industries affected, starting work here Friday after a year’s leave urged by Felix Frankfurter and Thomas Corcoran.
MENTIONED IN THIS ARTICLE
Washington
Calvert Magruder
Harvard Law School
Secretary
Supreme Court
Louis D. Brandeis
Elmer F. Andrews
Magruder
Harvard
Felix Frankfurter
Thomas G. Corcoran
Roosevelt
Also Mentioned on This Page
Sil
Skinners
Southside Dry Goods Co
Dunklin
Phil A. Dallmeyer
Rogers Bros
Lovelace Marquise
Germa
Russila
DE Wee
Aed
Imperia
Bartletts
Kieselbach and Peasner
Court House
Dance Armory Hall
Henley Furnace Co
Gzech
Louis XIV
Great Palace
Versailles
Bellung
Dickie
Ballans
Central
Missouri
Trust Company
Federal Deposit Insurance Corporation
America
Budweiser
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